Viacom Inc. (NASDAQ:VIAB) – Equities research analysts at Gabelli issued their FY2022 EPS estimates for shares of Viacom in a report issued on Friday. Gabelli analyst B. Harriss expects that the company will post earnings per share of $3.65 for the year.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.
Viacom (NASDAQ:VIAB) traded up $1.09 during mid-day trading on Monday, reaching $27.26. 9,164,629 shares of the company traded hands, compared to its average volume of 5,123,370. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The firm has a market capitalization of $10,850.00, a price-to-earnings ratio of 6.94, a PEG ratio of 0.90 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio is 17.17%.
Several institutional investors have recently made changes to their positions in VIAB. Bank of Montreal Can increased its position in shares of Viacom by 7.0% during the 2nd quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock worth $6,507,000 after purchasing an additional 12,667 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Viacom by 14.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 107,833 shares of the company’s stock worth $3,620,000 after purchasing an additional 14,000 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Viacom by 24.4% during the 2nd quarter. LS Investment Advisors LLC now owns 20,504 shares of the company’s stock worth $688,000 after purchasing an additional 4,026 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Viacom by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock worth $735,000 after purchasing an additional 500 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Viacom by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 115,804 shares of the company’s stock worth $3,888,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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